MGV Techical analysis, page-390

Let's see if there is any news that could influence matters.
It 'could' retrace....and we know that without looking at charts, because on any given day the price could go up, or it could go down, or it could stay where it is.
News moves markets, news moves the SP. It could be revealed that the Bank of Nova Scotia is continuing to buy up millions of shares for instance. That would be very bullish.
The problem for tree shakers using TA is that news could drop at any time which upsets their plans. They calculate on a drop and shaking out weak hands...then along comes news.

In other news, the Gold price continues to surge which is bullish for the sector -